Choose the right kind of business insurance!

7/12/2022 (Permalink)

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It’s important to include the right commercial water damage coverage as part of your risk management plan. When it comes to small business insurance, the details of your property coverage matter.

Some commercial property insurance policies cover water damage claims, such as the cost of pipe breakage, but exclude damage from external flooding, groundwater, and backed-up sewer lines. Many policies also have exclusions for mold-related damage.

In many cases, you can buy endorsements (or “riders”) to your property policy to enjoy additional coverage. Your insurance agent can give you a better idea of which riders are available to you and what your policy covers.

If your business has to close because of flooding or water damage, business interruption insurance can help offset your loss of business income and cover your rent or relocation costs.

You might also consider commercial flood insurance, which covers the cost of water and flood damage, especially if you’re in an area at risk of flooding.

SERVPRO of East Brownsville & South Padre Island is ready to respond immediately and work quickly to clean or restore your business. We understand that your property’s appearance is important and that every hour spent restoring is an hour of lost productivity. When you need a restoration or cleaning professional, SERVPRO of East Brownsville & South Padre Island has the training and expertise to help make it “Like it never even happened.”